Tag Archives: bretton woods system

mega millions for all

John Law. He rescued France from ruin, then ruined her again by basing prosperity on credit with the famous Mississippi bubble. He showed us how the future could not work: today’s examples would be the tech bubble of 2000, the … Continue reading

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yellow fever: shining on

You have to wonder why  so many normally astute and bright people commit basic errors such as buying gold just before the  bubble pops. Part of the blame can be termed ” madness of crowds” , the hysteria and unbridled … Continue reading

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